Published November 2019 | Version v1
Journal article

Transitions in consumption behaviors in a peer-driven stochastic consumer network

  • 1. University of Agder, School of Business and Law, Gimlemoen 19, Kristiansand (Norway)
  • 2. Ural Federal University, Ekaterinburg (Russian Federation)

Description

We study transition phenomena between attractors occurring in a stochastic network of two consumers. The consumption of each individual is strongly influenced by the past consumption of the other individual, while own consumption experience only plays a marginal role. From a formal point of view we are dealing with a special case of a nonlinear stochastic consumption model taking the form of a 2-dimensional non-invertible map augmented by additive and/or parametric noise. In our investigation of the stochastic transitions we rely on a mixture of analytical and numerical techniques with a central role given to the concept of the stochastic sensitivity function and the related technique of confidence domains. We find that in the case of parametric noise the stochastic sensitivity of fixed points and cycles considered is considerably higher than in the case of additive noise. Three types of noise induced transitions between attractors are identified: (i) Escape from a stochastic fixed point with converge to a stochastic k-cycle, (ii) escape from the stochastic k-cycle to a stochastic fixed point, and (iii) cases in which the consumption process moves between the respective stochastic attractors for ever. The noise intensities at which such transitions are likely to occur tend to be smaller in the case of parametric noise than with additive noise.

Availability note (English)

Available from http://dx.doi.org/10.1016/j.chaos.2019.07.042

Additional details

Identifiers

DOI
10.1016/j.chaos.2019.07.042;
PII
S0960077919302942;

Publishing Information

Journal Title
Chaos, Solitons and Fractals
Journal Volume
128
Journal Page Range
p. 144-154
ISSN
0960-0779

INIS

Country of Publication
United Kingdom
Country of Input or Organization
International Atomic Energy Agency (IAEA)
INIS RN
54120470
Subject category
S97: MATHEMATICAL METHODS AND COMPUTING;
Descriptors DEI
NOISE; NONLINEAR PROBLEMS; STOCHASTIC PROCESSES; TWO-DIMENSIONAL CALCULATIONS

Optional Information

Copyright
Copyright (c) 2019 Elsevier Ltd. All rights reserved.